FUKOKU MUTUAL LIFE INSURANCE Co Makes New Investment in Las Vegas Sands Corp. (NYSE:LVS)

FUKOKU MUTUAL LIFE INSURANCE Co purchased a new position in shares of Las Vegas Sands Corp. (NYSE:LVS) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 22,000 shares of the casino operator’s stock, valued at approximately $1,107,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. The Manufacturers Life Insurance Company raised its holdings in shares of Las Vegas Sands by 987.0% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 5,549,615 shares of the casino operator’s stock worth $245,570,000 after purchasing an additional 5,039,072 shares during the period. Janus Henderson Group PLC boosted its holdings in shares of Las Vegas Sands by 58.6% during the 1st quarter. Janus Henderson Group PLC now owns 5,330,023 shares of the casino operator’s stock valued at $275,559,000 after buying an additional 1,968,941 shares in the last quarter. Bank of New York Mellon Corp increased its stake in Las Vegas Sands by 15.7% during the 2nd quarter. Bank of New York Mellon Corp now owns 11,351,573 shares of the casino operator’s stock valued at $502,307,000 after purchasing an additional 1,536,754 shares in the last quarter. Capital Research Global Investors bought a new stake in shares of Las Vegas Sands in the first quarter worth approximately $72,550,000. Finally, Charles Lim Capital Ltd increased its stake in shares of Las Vegas Sands by 178.3% in the 2nd quarter. Charles Lim Capital Ltd now owns 1,600,000 shares of the casino operator’s stock worth $70,800,000 after purchasing an additional 1,025,000 shares in the last quarter. Institutional investors and hedge funds own 39.16% of the company’s stock.

Las Vegas Sands Trading Down 2.0 %

NYSE:LVS opened at $48.53 on Friday. Las Vegas Sands Corp. has a 1-year low of $36.62 and a 1-year high of $55.65. The business’s 50-day moving average price is $48.39 and its two-hundred day moving average price is $44.69. The firm has a market capitalization of $35.19 billion, a price-to-earnings ratio of 24.02, a PEG ratio of 1.31 and a beta of 1.11. The company has a current ratio of 0.90, a quick ratio of 0.89 and a debt-to-equity ratio of 3.09.

Las Vegas Sands (NYSE:LVS) last issued its quarterly earnings data on Wednesday, October 23rd. The casino operator reported $0.44 earnings per share for the quarter, missing the consensus estimate of $0.53 by ($0.09). The business had revenue of $2.68 billion during the quarter, compared to analyst estimates of $2.79 billion. Las Vegas Sands had a return on equity of 44.26% and a net margin of 13.29%. Las Vegas Sands’s revenue for the quarter was down 4.0% compared to the same quarter last year. During the same quarter last year, the firm earned $0.55 EPS. On average, equities analysts expect that Las Vegas Sands Corp. will post 2.33 earnings per share for the current year.

Las Vegas Sands Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, November 13th. Investors of record on Tuesday, November 5th were issued a $0.20 dividend. The ex-dividend date of this dividend was Tuesday, November 5th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.65%. Las Vegas Sands’s dividend payout ratio (DPR) is presently 39.60%.

Insider Buying and Selling at Las Vegas Sands

In other Las Vegas Sands news, CEO Robert G. Goldstein sold 119,221 shares of the company’s stock in a transaction on Tuesday, October 29th. The stock was sold at an average price of $53.73, for a total value of $6,405,744.33. Following the completion of the sale, the chief executive officer now directly owns 84,511 shares in the company, valued at approximately $4,540,776.03. This represents a 58.52 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.91% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the company. UBS Group boosted their target price on Las Vegas Sands from $49.00 to $50.00 and gave the stock a “neutral” rating in a research report on Tuesday, November 5th. Argus downgraded shares of Las Vegas Sands from a “buy” rating to a “hold” rating in a report on Thursday, August 15th. Mizuho boosted their price target on Las Vegas Sands from $52.00 to $57.00 and gave the stock an “outperform” rating in a research report on Thursday, October 24th. Macquarie lowered their price objective on shares of Las Vegas Sands from $58.00 to $56.00 and set an “outperform” rating for the company in a research report on Thursday, July 25th. Finally, Deutsche Bank Aktiengesellschaft cut their price target on Las Vegas Sands from $61.00 to $55.00 and set a “buy” rating on the stock in a research note on Thursday, July 25th. Four investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $58.00.

About Las Vegas Sands

Las Vegas Sands Corp., together with its subsidiaries, develops, owns, and operates integrated resorts in Macao and Singapore. It owns and operates The Venetian Macao Resort Hotel, the Londoner Macao, The Parisian Macao, The Plaza Macao and Four Seasons Hotel Macao, Cotai Strip, and the Sands Macao in Macao, the People’s Republic of China; and Marina Bay Sands in Singapore.